Ichinen Holdings Co.,Ltd. completed the acquisition of Nittofc Co., Ltd. from East Limited Partnership, West L.P. managed by West Partners Ltd.
November 29, 2023
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Ichinen Holdings Co.,Ltd. (TSE:9619) agreed to acquire Nittofc Co., Ltd. from East Limited Partnership, West L.P. managed by West Partners Ltd. on October 31, 2023. Fiscal year ending September 2023 financials are Net Assets ¥46.7 billion, Total Assets ¥63.3 billion, Operating Income ¥2.6 billion, Revenue ¥16.9 billion and net income are ¥1.9 billion. The transaction is expected to close on November 30, 2023.
Ichinen Holdings Co.,Ltd. (TSE:9619) completed the acquisition of Nittofc Co., Ltd. from East Limited Partnership, West L.P. managed by West Partners Ltd. on November 30, 2023.
Ichinen Holdings Co Ltd is engaged in the car leasing related business. The Company operates through five business segments. The Car Leasing Related segment is engaged in the leasing of automobiles, equipment and other movable properties, the rental business and the disposal of expired leasing cars and the entrusted automotive maintenance business, among others. The Chemical segment manufactures and sells chemical products for automobile, machinery and equipment and industrial uses. The Parking segment operates client parking lots and coin-operated parking lots. The Machine Tool Sales segment sells machine tools, automotive maintenance tools, air conditioning tools and measuring tools, among others. The Synthetic Resin segment is engaged in the design, manufacture and sale of synthetic resin products. It is also engaged in the production and sales of agricultural products, leasing and management of properties, as well as the manufacture and sale of processed glass products.
ICHINEN HOLDINGS CO.,LTD. 
